US equity indexes closed on a mixed note, SPX +19pts (0.3%) at 6532. Nasdaq comp’ +0.03%. Dow -0.5%. The Transports settled -0.4%. R2K -0.2%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: new historic high of 6555, if cooling back to settle +0.3% to 6532. Today’s candle is black, suggestive that Thursday (probably early morning) will be red… if briefly/marginally. Net bullish into the Fed.
NAS: new historic high of 22000, settling +0.03% to 21886. Today’s candle is black, suggestive that Thursday (probably early morning) will be red… if briefly/marginally. Net bullish into the Fed.
R2K: settling -0.2% to 236.41. I lean net bullish into the Fed.
Trans: the sixth day lower of seven, settling -0.4% to 15543. Broadly… price action is mostly chop. I lean net bullish into the Fed.
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VIX’daily
Volatility was a little mixed, the VIX settling +2.1% to 15.35. Daily momentum ticked a touch higher, and remains marginally positive.
The default is to expect the VIX to be ground lower into the weekend.
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Looking ahead by 6pm EDT